The government agreed to restructure the Chinese loan to the State Agricultural Bank of Ukraine

The Cabinet of Ministers confirmed the state guarantee for the loan of the State Food and Grain Corporation of Ukraine (SFGCU).
The government adopted the relevant Resolution on September 10.
The document allows for the restructuring of debt obligations under a loan agreement concluded for the amount of $1.5 billion for a period of 15 years. This involves the postponement of payment of the principal and interest, as well as the capitalization of accrued interest.
The government confirmed the validity of the state guarantee, provided back in 2012, but taking into account changes to the loan agreement. The Ministry of Finance must take into account the updated parameters of the corporation’s obligations when preparing the draft State Budget.
The Cabinet of Ministers emphasized that the adopted decision makes it possible to reduce fiscal risks associated with the state’s fulfillment of guarantee obligations under this loan.
Earlier, USM reported that the Cabinet of Ministers appointed an interim head of the State Food and Grain Corporation.